Warranties Key Points to Understand
In this three minute video overview, you’ll get an understanding of the key concepts that surround warranties in any contract. It is also designed to help narrow down what to focus on in contract templates. If you’re not a software business, for example, then there is no need to have software-related warranties in your template contracts. The video covers seven issues
- defining a warranty in non-legal jargon
- flexibility in warranty clauses
- understanding industry practices
- remedies
- other concepts related to warranties
- gotchas
- warranties by type of customer
Don’t let the term warranties feel intimidating just because it has a legal implication and don’t underestimate your ability to understand the terminology. At the end of the day the contract reflects your business, so you’re in control of your business model!
This quick, three-minute video provides seven key points related to warranties so you can clarify and understand your contracts with customers and suppliers. Tired of wading through pages of text? Summaries provided by law firms and Chat GPT still not helping? Take a look and get in contact if you have any questions…